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Refinancing
The Australian firm was sole provider of a £188m loan for the residential part of the London scheme.
The logistics specialist has around €800m of unsecured debt due to mature in 2024.
Refinancing risk will drive a further tightening of credit conditions, according to the central bank.
The London-based manager has refinanced Apache Capital Partners’ and Moda’s BTR scheme in Birmingham.
An expanded analysis of the refinancing shortfall shows the situation is more acute in Europe than in the US or Asia-Pacific.
The consultant’s head of commercial research believes lenders will focus on prime ‘beds, sheds and meds’, with many offices difficult to finance.
Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.
Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.
The German bank provided a €125m green loan to Frankfurt-based Commerz Real for the 2Amsterdam office.
The manager has won a three-year loan extension which enables its Sponda subsidiary to divest assets.